PIMCO - Press Release 10.17.2008

Newport Beach, California, October 17, 2008 - The PIMCO Foundation, the charitable arm of the Newport Beach-based money management firm PIMCO, today announced it has awarded over $1.35 million in 2008 grants to 53 U.S. charities and community organizations.

“PIMCO’s core values stress community involvement and the Foundation is just one way we give back,” said William Thompson, President of The PIMCO Foundation. “The PIMCO Foundation is very pleased to be providing these outstanding organizations with grants to help them improve the quality of life in communities around the world.”

With nearly 200 applicants, grants ranged from $5,000 to $35,000. The 2008 grants were awarded across multiple priority areas around the United States. The 2008 grant recipients were:

Children’s issues: $330,000
      Achievement Institute of Scientific Studies (AISS)
      Big Brothers Big Sisters
      Blind Children’s Learning Center
      CASA of Orange County
      Center for Hope and Healing
      Child Abuse Prevention Foundation
      Children’s Bureau
      Drug Use is Life Abuse
      Girls Incorporated
      Joyful Children’s Foundation
      Juma Ventures
      Olive Crest Treatment Centers, Inc.
      Oralingua School for the Hearing Impaired
      Project HOPE School Foundation
      Safe Space NYC, Inc.

Disability issues: $80,238
      DisAbility Awareness Foundation, Inc.
      Fresh Start Surgical Gifts
      Goodwill Industries
      Helping our Mentally Ill Experience Success
      Inland Empire/Orange County Unit Recording for the Blind and Dyslexic
      Integrated Rehabilitation Therapies, Inc.

Education: $79,375
      College Bound – Dollars for Achievers
      Future Leaders Institute Charter School
      Hispanic Scholarship Fund
      Tustin Public Schools Foundation

Global Microlending and Microfinance: $130,000
      Accion International
      Accion New York
      Pro Mujer
      TechnoServe

Ocean Conservation: $55,000
      Aquarium of the Pacific
      Ocean Institute
      San Diego Coastkeeper

Senior Citizen issues: $115,000
      Alzheimer’s Association
      Irvine Adult Day Health Services, Inc.
      Jewish Family Service
      The Volunteer Center of Greater Orange County

Women’s issues: $283,000
      Bethany Sisters of St. Joseph of Orange
      Breast Cancer Survivors
      Business Council for Peace
      Eli Home, Inc.
      Families Forward
      Hoag Hospital Chemical Dependency Center
      Human Options
      Interval House
      Mariposa Women and Family Center
      Maternal Outreach Management System (MOMS)
      Mercy House
      Nurse-Family Partnership
      Orange Coast Interfaith Shelter

Other programs: $80,000
      211 Orange County
      Project Dignity
      Connection House of California, Inc.
      Someone Cares Soup Kitchen

PIMCO Foundation Excellence Awards
In addition, outside of the grants program, three organizations received surprise PIMCO Foundation Excellence Awards during 2008. This year’s awards focused on recognizing outstanding volunteers in fundraising. Grants were made to the following organizations on behalf of the award recipients.

Ray and Judy Brandt:
      Juvenile Diabetes Research Foundation: $50,000
      Working Wardrobes: $50,000

Bobbitt Williams:
      American Cancer Society: $100,000

The PIMCO Foundation also announced that their window for accepting grant applications for next year will open on May 15th and will close on July 15th. The PIMCO Foundation accepts grants nationally for US-based nonprofit organizations. Grant applications for 2009 will be available starting April 2008 at www.pimco.com.

The PIMCO Foundation is committed to making our communities better, stronger and healthier places to live, learn and work by investing in organizations that empower people globally to reach the long term goal of living sustainable, rewarding and responsible lives. Since its founding in 2001, The PIMCO Foundation has awarded nearly $5 million in grants to charities and community organizations throughout California and the US.

About PIMCO
With more than $830 billion in fixed-income assets under management (as of 06/30/08), PIMCO is one of the world’s leading money management companies and is headquartered in Newport Beach California, with offices in New York City, Amsterdam, London, Munich, Zurich, Tokyo, Toronto, Singapore, Hong Kong and Sydney. Founded in 1971, the company is majority owned by Munich-based Allianz Group, a leading global insurance company with nearly $1 trillion in assets and represented in 70 countries around the globe.